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Diagnostic Hybrids

Established a world class bio-manufacturing hub in an economically challenged region, creating hundreds of sustainable jobs

Grew revenues 2.5x over 6 years, with strong profitability

Acquired by Quidel Corporation

Originally incubated by Ohio University, Diagnostic Hybrids (DHI) had built a profitable growth business whose diagnostic products were highly valued by customers around the world. But the company’s core technology strength was in a mature category and the company was concerned about market headroom. Summit embraced management’s vision of a new wave of technological innovation to access new markets and to continue DHI’s strong growth.

How Summit helped:

Worked closely with CEO and CFO to manage a complex R&D portfolio and focus DHI’s resources on the highest value activities

Assisted in strategy and planning for huge expansion of manufacturing capacity

In 2010, Quidel Corporation (NASDAQ: QDEL) acquired DHI. Within three years, Quidel moved much of its San Diego-based bio-manufacturing operation to Athens, Ohio and the value of the combined company had increased by over 100%.